SBI Share Price Target: 2024, 2025, 2026, 2027, 2028, and 2030
This post is about SBI’s share price target in the upcoming years. If you are planning to invest your money in banking stocks, then State Bank of India shares can be one of the best options available to you.
The State Bank of India has a rich heritage and a legacy of over 200 years, making it the most trusted bank among Indians through the generations.
About SBI
State Bank of India (SBI) is an Indian multinational public sector bank headquartered in Mumbai, Maharashtra, India. It is a Fortune 500 company and the largest Indian bank with 1/4th market share, serving over 45 crore customers through its vast network of over 22,000 branches, 62617 ATMs and ADWMs, and 71,968 BC outlets.
Via its many subsidiaries, such as SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, SBI Card, etc. With great success, the bank has broadened its business activities. It operates across time zones thanks to its extensive global presence and 229 offices in 31 different foreign countries. If you want to know more, visit https://sbi.co.in/.
Financials summary
Consolidated
Standalone
Profit & Loss A/c
Balance Sheet
Ratios
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Income | 4,06,973.09 | 3,85,337.89 | 3,68,010.65 | 3,30,687.36 | 3,06,527.52 |
| Total Income Growth (%) | 5.61% | 4.71% | 11.29% | 7.88% | 2.64% |
| Provisions & Contingencies | 40,059.15 | 54,618.41 | 56,928.46 | 56,950.52 | 67,957.58 |
| Provisions & Contingencies Growth (%) | -26.66% | -4.06% | -0.04% | -16.20% | 8.51% |
| Profit after Tax (PAT) | 35,373.88 | 22,405.46 | 19,767.80 | 2,299.64 | -4,556.29 |
| PAT Growth (%) | 49.74% | 33.58% | 492.26% | – | – |
| Net Interest Margin (%) | 2.49% | 2.51% | 2.59% | 2.50% | 2.27% |
| Net Profit Margin (%) | 12.19% | 8.05% | 7.32% | 0.90% | -1.98% |
| Basic EPS (₹) | 39.64 | 25.11 | 22.15 | 2.58 | -5.34 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Advances | 27,94,076.00 | 25,00,598.99 | 23,74,311.18 | 22,26,853.67 | 19,60,118.54 |
| Advances Growth (%) | 11.74% | 5.32% | 6.62% | 13.61% | 3.33% |
| Deposits | 40,87,410.60 | 37,15,331.24 | 32,74,160.63 | 29,40,541.06 | 27,22,178.28 |
| Deposits Growth (%) | 10.01% | 13.47% | 11.35% | 8.02% | 4.71% |
| Total Equity | 3,16,795.47 | 2,85,187.48 | 2,59,003.95 | 2,40,532.65 | 2,34,937.19 |
| Total Equity Growth (%) | 11.08% | 10.11% | 7.68% | 2.38% | 5.04% |
| Gross NPA (%) | – | – | – | – | – |
| Net NPA (%) | – | – | – | – | – |
| Capital Adequacy Ratios (%) | – | – | – | – | – |
| Contingent Liabilities | 20,07,232.49 | 17,14,239.52 | 12,21,083.11 | 11,21,246.28 | 11,66,334.80 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Return on Equity (%) | 12.53% | 8.89% | 8.69% | 1.09% | -2.21% |
| Return on Assets (%) | 0.65% | 0.46% | 0.47% | 0.05% | -0.12% |
| Cost to Income (%) | 52.68% | 53.21% | 51.27% | 51.93% | 53.53% |
| Interest income to Earning assets (%) | 5.40% | 5.73% | 6.42% | 6.51% | 6.33% |
| Interest Expense to Earning assets (%) | 2.91% | 3.21% | 3.83% | 4% | 4.05% |
| Price to Earnings (x) | 12.45 | 14.51 | 8.9 | 125 | -49.02 |
| Price to Book (x) | 1.56 | 1.29 | 0.77 | 1.36 | 1.09 |
| Price to Sales (x) | 1.52 | 1.17 | 0.65 | 1.13 | 0.97 |
| Operating Profit Margin (%) | -27.81% | -29.82% | -29.63% | -29.32% | -35.70% |
Profit & Loss A/c
Balance Sheet
Ratios
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Income | 98,083.77 | 88,733.86 | 74,988.57 | 82,613.40 | 78,351.54 |
| Total Income Growth (%) | 10.54% | 18.33% | -9.23% | 5.44% | 0.85% |
| Provisions & Contingencies | 5,760.57 | 3,038.67 | 4,392.38 | 7,237.45 | 6,973.97 |
| Provisions & Contingencies Growth (%) | 89.58% | -30.82% | -39.31% | 3.78% | 3594.82% |
| Profit after Tax (PAT) | 14,205.34 | 13,264.52 | 6,068.08 | 9,113.53 | 8,431.88 |
| PAT Growth (%) | 7.09% | 118.60% | -33.42% | 8.08% | 10.56% |
| Gross NPA (%) | 3.14% | 3.52% | 3.91% | 3.97% | 4.50% |
| Net NPA (%) | 0.77% | 0.80% | 1% | 1.02% | 1.34% |
| Net Profit Margin (%) | 14.48% | 14.95% | 8.09% | 11.03% | 10.76% |
| Basic EPS (₹) | 15.92 | 14.86 | 6.8 | 10.21 | 9.45 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Advances | 27,33,966.59 | 24,49,497.79 | 23,25,289.56 | 21,85,876.92 | 19,34,880.19 |
| Advances Growth (%) | 11.61% | 5.34% | 6.38% | 12.97% | 23.16% |
| Deposits | 40,51,534.12 | 36,81,277.08 | 32,41,620.73 | 29,11,386.01 | 27,06,343.29 |
| Deposits Growth (%) | 10.06% | 13.56% | 11.34% | 7.58% | 32.36% |
| Total Equity | 2,80,088.06 | 2,53,875.19 | 2,32,007.43 | 2,20,913.82 | 2,19,128.56 |
| Total Equity Growth (%) | 10.33% | 9.43% | 5.02% | 0.81% | 16.38% |
| Gross NPA (%) | 3.97% | 4.98% | 6.15% | 7.53% | 10.91% |
| Net NPA (%) | 1.02% | 1.50% | 2.23% | 3.01% | 5.73% |
| Capital Adequacy Ratios (%) | 13.85% | 13.74% | 13.13% | 12.72% | 12.60% |
| Contingent Liabilities | 20,07,083.44 | 17,06,949.91 | 12,14,994.61 | 11,16,081.46 | 11,62,020.69 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Return on Equity (%) | 12.33% | 8.86% | 6.95% | 0.43% | -3.37% |
| Return on Assets (%) | 0.63% | 0.45% | 0.36% | 0.02% | -0.18% |
| Cost to Income (%) | 41% | 43.34% | 42.57% | 44.43% | 47.52% |
| Interest income to Earning assets (%) | 5.52% | 5.84% | 6.51% | 6.59% | 6.38% |
| Interest Expense to Earning assets (%) | 3.10% | 3.40% | 4.02% | 4.19% | 4.21% |
| Price to Earnings (x) | 13.91 | 15.95 | 12.14 | 333.33 | -34.13 |
| Price to Book (x) | 1.72 | 1.41 | 0.84 | 1.46 | 1.15 |
| Price to Sales (x) | 1.6 | 1.23 | 0.68 | 1.18 | 1.01 |
| Operating Profit Margin (%) | -3.22% | -8.70% | -11.94% | -14.78% | -23.19% |
Important Note: These price targets of “State Bank of India” are only for reference purpose only, short-term and long-term SBI stock price predictions may be different due to the different analyzed time series. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.
SBI Share Price Target for 2023
If we talk about the performance of the bank during FY 2022, then the bank’s net interest income registered a healthy growth of 9.03% as compared to the previous year. Credit costs have also come down by 57 basis points to 0.55% in FY22. The operating profit of the bank for FY2022 was also improved to 5.22%.This year also, the performance of the bank is expected to be good. If we predict the target price of the bank, then the first target is expected to be ₹ 600, and the second target is ₹ 650.
| Year | First Target | Second Target |
|---|---|---|
| 2023 | ₹ 600 | ₹ 650 |
SBI Share Price Target for 2024
Today, State Bank of India is not just a banking company. Rather, the bank has diversified its business with subsidiaries or joint ventures in each segment, such as insurance, mutual funds, capital markets, and pension funds. Jio Payments Bank is also a joint venture between SBI and Reliance Industries. All these businesses help generate revenue for SBI from various sources.
| Year | First Target | Second Target |
|---|---|---|
| 2024 | ₹ 720 | ₹ 780 |
SBI Share Price Target for 2025
The future of all industries, including banking, lies in the realm of technology. SBI is not far behind in adopting technology. With a view to improving user experience and addressing emerging risks, the bank has taken several initiatives in the technology sector to make the bank accessible to more and more customers. When it comes to share price prediction, the first target will be ₹ 860 and the second will be ₹ 920.
| Year | First Target | Second Target |
|---|---|---|
| 2025 | ₹ 860 | ₹ 920 |
SBI Share Price Target for 2026
State Bank has been working on upgrading ATM connectivity by arranging 4G connectivity to off-site ATMs. SBI is continuously working to improve the network experience and minimize outages. To minimize and eventually eliminate downtime, alternative secondary links to the branches and offices have been installed. This will help the bank connect more customers with banking and attract new customers.
| Year | First Target | Second Target |
|---|---|---|
| 2026 | ₹ 1,000 | ₹ 1,050 |
SBI Share Price Target for 2027
The State Bank of India has its own mobile banking platform, YONO, which is well-liked by bank customers. YONO is providing state-of-the-art digital services to millions of retail customers, farmers, corporate customers, and customers from select overseas offices. This allows the bank to compete in the market and provide its services to its customers more easily.
| Year | First Target | Second Target |
|---|---|---|
| 2025 | ₹ 1,130 | ₹ 1,200 |
SBI Share Price Target for 2028
On the product side, State Bank of India has, over the years, developed a strong portfolio of products and services, and leverages technology to deliver and manage them in a personalized and customer centric manner. SBI is leveraging data analytics to gain a 360-degree view of the customer journey to customize need based financial products and services. State Bank is simultaneously using technology to capture deeper insights to address customer pain points at various touchpoints.
| Year | First Target | Second Target |
|---|---|---|
| 2028 | ₹ 1,280 | ₹ 1,360 |
SBI Share Price Target for 2030
Along with the diversification of bank business in different regions, SBI is also focusing on the expansion of operations across the globe. Presently, SBI has a presence in 30 countries through 227 locations across all time zones. If we talk about the performance of various business segments, SBI is the market leader in SME financing and government business. and doing well in other business areas as well. Increasing competition will also have a major impact on the growth of the bank, but we expect the bank to maintain its double-digit growth until 2030.
| Year | First Target | Second Target |
|---|---|---|
| 2030 | ₹ 1,600 | ₹ 1,700 |
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SBI share price targets for 2023, 2024, 2025, 2026, 2028, and 2030 are shown in the table below.
| Year | First Target | Second Target |
|---|---|---|
| 2023 | ₹ 600 | ₹ 650 |
| 2024 | ₹ 720 | ₹ 780 |
| 2025 | ₹ 860 | ₹ 920 |
| 2026 | ₹ 1,000 | ₹ 1,050 |
| 2027 | ₹ 1,130 | ₹ 1,200 |
| 2028 | ₹ 1,280 | ₹ 1,360 |
| 2030 | ₹ 1,600 | ₹ 1,700 |
Recommendations: Invest in SBI stock or sell it?
The banking sector has always been at the heart of economic development. There are also many possibilities in the banking sector. SBI is the leading bank in India with a 1/4th market share. For the last few years, there has been good competition in the banking sector. SBI’s performance is expected to be better in the future, which can be a good option for investing money.
FAQ’s
What is the PE ratio of State Bank of India?
The current PE ratio (price-earnings ratio) of State Bank of India is 9.87.
What is the 52-week high and low of State Bank of India’s share price?
State Bank of India share price saw a 52-week high of ₹ 629.55 and a 52-week low of ₹ 425.
What will State Bank of India’s share price target be for 2024?
The first target of State Bank of India's share price can be at or below ₹ 720 and the second one is at or below ₹ 780 in 2024.
What will be the State Bank of India share price target in the next 5 years?
The first target for State Bank of India's share price in the next five years is ₹ 1,280, and the second target is ₹ 1,360.
What will be the State Bank of India share price target in the next 7 years?
In the next 7 years, the first target for State Bank of India's share price can be ₹ 1,600, and the second is ₹ 1,700.
Is it profitable to invest in State Bank of India stock?
As per analysis, SBI stock shows positive trends. Investing in this stock is safe. You can invest for the long term.
What are the key metrics to analyze State Bank of India’s share price?
State Bank of India's share price can be quickly analyzed on the basis of the following parameters:
- Stock's PE: 9.87
- Price to Sales ratio: 1.52
- Price to Book Ratio: 1.47
- EPS: ₹ 52.78
Note: For detailed ratios, refer to the financials section.
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